I think no... HBD, although I have not read much about it has a stabilizer, UST and Luna was kind of centralised because it depended on how the LGF swapped assets to keep UST's peg.
The Luna peg depended on how the swaps were done by the Luna GAurd Foundation team...and it failed.
Here HBD there are clear mechanisms... first I read that HBD supply will not exceed 10% of market cap of Hive...and has more automatic mechanisms if things break... so not like UST...
better we understand how HBD works better and evaluate the risks. I don't know, atleast HBD is in a small scale use now, so it will scale propotionately with sensible mechanisms that Luna lacked...
Anyway...